News about HSBC

HSBC chief kept millions in Swiss account: report HSBC chief executive Stuart Gulliver, who vowed to reform the scandal-hit bank, kept millions of dollars in a Swiss account.

23 February 2015 14:05

HSBC boss says SwissLeaks claims 'painful' The boss of HSBC, which is at the centre of claims that it helped customers at its Swiss private bank avoid millions of dollars of tax.

14 February 2015 15:22

SwissLeaks whistleblower says tried to report tax evasion in 2008 A former HSBC employee who leaked documents alleging the bank helped wealthy customers dodge tax said he had tried to alert British authorities about evasion in 2008.

12 February 2015 13:03

HSBC not protected from charges over aiding tax evasion: US official HSBC's 2012 criminal settlement with the US Justice Department does not protect the bank from fraud or tax evasion charges.

11 February 2015 13:27

HSBC 'SwissLeaks' leaker urges more support for whistleblowers The man who stole the trove of secret files that sparked a global scandal over banking giant HSBC's alleged assistance to wealthy tax dodgers.

10 February 2015 13:31

Kazakhstan-based Halyk Bank closes deal to purchase HSBC Kazakhstan The newly purchased entity has been renamed to Altyn Bank and is to be a separate legal entity as planned.

02 December 2014 14:28

Development Bank of Kazakhstan obtain 500 million euro loan from HSBC Development Bank of Kazakhstan has signed a 500 mln euro loan agreement with HSBC Bank.

05 May 2014 17:29

Halyk Bank to purchase Kazakhstan-based HSBC subsidiary According to the press-release, the deal is subject to approval and is expected to be finalized in 2014.

26 February 2014 15:57

Woods urged to 'respect' WGC-HSBC Champions HSBC's sponsorship chief has urged Tiger Woods to respect the bank's large investment by playing at this year's WGC-HSBC Champions in Shanghai instead of "meaningless... money-making opportunities".

26 February 2014 15:53

China manufacturing rebounds: HSBC A closely watched indicator of Chinese manufacturing turned positive for the first time in four months in August, HSBC said Thursday, in a sign of renewed strength in the world's second-largest economy.

22 August 2013 13:36

HSBC to pay $249 mn fine for US mortgage abuse British bank HSBC has agreed to pay $249 million in compensation to home-loan borrowers hurt in the massive US mortgage and foreclosure scandal.

19 January 2013 19:06

HSBC to sell stake in China insurer Ping An for $9.4 bn Britain's HSBC said Wednesday it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.

05 December 2012 14:38

China manufacturing hits 13-month high in November: HSBC Manufacturing activity in China hit a 13-month high in November, HSBC said Monday, in another sign that the world's second largest economy is emerging from a drawn-out slumber.

03 December 2012 16:30

China manufacturing in second month of contraction China's manufacturing activity contracted for a second straight month in September, according to official data released Monday, falling short of expectations for expansion.

01 October 2012 15:45

Kazakhstan and France to jointly produce electric locomotives HSBC is the lead manager of the offering of $800 million 6.950 percent notes due 2042 by Kazakhstan Temir Zholy B.V.: chairman of HSBC Bank Kazakhstan.

28 August 2012 14:27

Bank HSBC probed for money laundering: report US prosecutors are looking into whether British bank HSBC was involved in laundering money for Mexican drug cartels and moving cash for Saudi Arabian banks with ties to terrorists, The New York Times reported Saturday.

25 August 2012 17:44

HSBC shares dive in Hong Kong after apology Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.

19 July 2012 11:13

HSBC seeks to evict Hong Kong 'Occupy' protesters Global banking giant HSBC on Monday sought legal permission to evict a handful of protesters camped outside its Hong Kong headquarters, one of the last remnants of the "Occupy" movement in Asia.

16 July 2012 19:16

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